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Paychex revenue rises 8% in fiscal Q4, HR services up 16%

July 1, 2015

Paychex Inc. (NASD: PAYX), a provider of payroll services and PEO services, reported revenue rose 8% to $681.4 million in its fiscal fourth quarter ended May 31. Revenue rose 9% to $2.7 billion for the full fiscal year 2015.The company includes PEO revenue in its human resource services segment,...


New overtime rule proposed, staffing firms may benefit

July 1, 2015

The US Department of Labor will propose extending overtime pay to nearly 5 million workers, President Obama announced yesterday. The proposal guarantees overtime pay to most salaried workers earning less than an estimated $50,440 next year. The current salary threshold — which guarantees overtime...


US adds a six-month high of 237,000 jobs in June, ADP reports

July 1, 2015

US private sector employment rose by approximately 237,000 jobs in June from May, according to the ADP national employment report produced by Automatic Data Processing Inc. (NASD: ADP) in collaboration with Moody’s Analytics. June’s job gains exceeded the 203,000 additions in May —an upward revis...


Online job ads fall in June, office and administrative support ads lead decline

July 1, 2015

US online job ads fell by 144,300 in June to approximately 5.30 million, according to The Conference Board’s report on online job ads released today. June’s decrease follows a gain of 83,100 job ads in May but leaves the second quarter with a net loss.In June, eight of the largest online job cate...


ISM manufacturing index rises in June

July 1, 2015

The Institute for Supply Management’s purchasing managers index for US manufacturing rose to a reading of 53.5 in June, up from May’s reading of 52.8%. The reading indicates continued expansion, and at an increased pace.Readings above 50 indicate growth.Bloomberg reports manufacturing expanded in...


Four US metro areas tie for highest jobless rate

July 1, 2015

Four metropolitan areas tied for the highest unemployment rate in May, 6.6%, among all large, US metropolitan areas, the U.S. Bureau of Labor Statistics reported today. Those four areas are the Detroit-Warren-Dearborn area in Michigan; Las Vegas-Henderson-Paradise area in Nevada; the Los Angeles-...


Staffing Industry Analysts: CWS Council research analyst job vacancy

July 1, 2015

Staffing Industry Analysts is currently seeking a Contingent Workforce Strategies (CWS) Council research analyst to join our research team. This position will be accountable for executing research projects, performing analyses, writing reports and providing analytic support to our CWS Council adv...


Clarification: MBO Partners’ 2015 State of Independence in America report

July 1, 2015

Yesterday’s Daily News reported the number of independent workers earning $100,000 or more per year rose 45% over the last five years to 2.4 million people. It should have said 2.9 million people.


Fahrenheit IT acquires ITEC

June 30, 2015

Fahrenheit IT, a division of Global Employment Solutions, acquired Information Technology Engineering Corporation. It is the firm’s third and largest acquisition in three years, adding 300 employees and consultants to the IT division.The transaction closed June 26; terms were not disclosed.The IT...


Independent workforce: 12% increase to 18 million full-time workers

June 30, 2015

The independent workforce grew 12% over the past five years, reaching close to 18 million full-time independent workers in 2015, according to the first release of data from MBO Partners’ 2015 State of Independence in America research. This compares to 7% growth in overall employment over the same...